Statement re SGS temporary suspension as a DOE

PRESS RELEASE EcoSecurities: Statement re SGS temporary suspension as a DOE Dublin, 14 September 2009: EcoSecurities Group Plc ("EcoSecurities"), a leading organisation in the business of sourcing, developing and trading carbon credits from greenhouse gas emissions projects, has noted the temporary suspension of SGS United Kingdom Ltd's ("SGS") accreditation for validations and verification of Clean Development Mechanism ("CDM") projects by the CDM Executive Board at EB 49 on 11 September 2009. SGS are one of a number of the Designated Operational Entities ("DOE") used by EcoSecurities to validate and verify registrations and issuances from its portfolio of CDM projects. EcoSecurities has appointed SGS as DOE in respect of: * 7 projects which are currently being verified comprising approximately 370,000 CERs; and * 7 projects which are currently being validated comprising approximately 2.5 million CERs in the net pre-2012 portfolio. Bruce Usher, CEO, EcoSecurities stated: "While this situation is unfortunate for the CDM, the effect on EcoSecurities is not expected to be significant due to the small number of projects and the related portfolio CERs that SGS is working on for EcoSecurities. The board of EcoSecurities is confident that the Company will manage the impact of SGS's temporary suspension." -Ends- Enquiries For further information please contact: EcoSecurities Group plc James Thompson, CFO +353 1 613 9814 Adrian Fernando, COO +353 1 613 9814 Citigate Dewe Rogerson Kevin Smith +44 (0) 20 7282 1054 Ged Brumby +44 (0) 20 7282 2996 RBS Hoare Govett Limited Justin Jones +44 (0) 20 7678 8000 Hugo Fisher +44 (0) 20 7678 8000 Director's Responsibility Statements The directors of EcoSecurities accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of EcoSecurities (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. Financial Advisers RBS Hoare Govett Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for EcoSecurities and no one else in connection with this matter and will not be responsible to anyone other than EcoSecurities for providing the protections afforded to clients of RBS Hoare Govett Limited nor for providing advice in relation to this matter, the content of this announcement or any matter referred to herein. Rule 8.3 - Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Irish Takeover Panel Act 1997, Takeover Rules, 2007 and 2008 (the "Takeover Rules"), if any person (other than a "recognised intermediary") is or becomes "interested" (directly or indirectly) in 1 per cent. or more of any class of "relevant securities" of EcoSecurities, all "dealings" in any "relevant securities" of EcoSecurities (including by means of an option in respect of, or a derivative referenced to, any such class of "relevant securities") must be publicly disclosed in accordance with Rule 2.9 of the Takeover Rules, including the details set out in Rule 8.6 of the Takeover Rules, by no later than 3.30pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends. If two or more persons "act in concert", to acquire an "interest" in "relevant securities" of EcoSecurities, they will be deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Takeover Rules, all "dealings" in "relevant securities" of EcoSecurities by the offeror or EcoSecurities, or by any of their respective "associates", must be disclosed by no later than 12.00 noon (London) on the London business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, can be found on the Irish Takeover Panel's website at www.irishtakeoverpanel.ie. The Irish Takeover Panel also provides an appropriate form for any disclosures under Takeover Rules 8.1 or 8.3. 'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Takeover Rules, which can also be found on the Irish Takeover Panel's website. If you are in any doubt as to whether or not you are required to make a disclosure under Rule 8, you should consult the Irish Takeover Panel. In addition to copies of the documents listed as available for inspection in EcoSecurities' response circular to the offer of 77 pence per ordinary share made by Guanabara Holdings B.V. ("Guanabara") dated 4 August 2009, a copy of this announcement will be available for inspection at the offices of Matheson Ormsby Prentice, 70 Sir John Rogerson's Quay, Dublin 2 during normal business hours on any weekday (Saturday, Sunday and public holidays excepted) whilst the offer of 90 pence per ordinary share made by Guanabara on 4 September 2009 remains open for acceptance. ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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